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76 Connecticut RANK: 6 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate NOVEMBER 2014 2.61% 2.35% 6.4 YEAR AGO 2.71% 3.84% 7.4 YEAR-OVER-YEAR CHANGE -3.7% -38.7% -1 Top County WINDHAM COUNTY 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 4.24% 3.95% YEAR AGO 4.22% 6.35% YEAR-OVER-YEAR CHANGE 0.5% -37.8% Top Core-Based Statistical Area NORWICH-NEW LONDON, CT 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 3.00% 2.82% YEAR AGO 2.93% 4.57% YEAR-OVER-YEAR CHANGE 2.3% -38.3% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the November 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary November 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Connecticut Planet Realty, LLC Sales@CTREOTEAM.com 203-982-4985 cell www.CTREOTEAM.com Security • Preservation • Disposition Steve Rivkin Delaware RANK: 13 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate NOVEMBER 2014 2.98% 2.06% 5.4 YEAR AGO 3.41% 2.63% 6.2 YEAR-OVER-YEAR CHANGE -12.5% -21.9% -0.8 Top County KENT COUNTY 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 4.25% 3.11% YEAR AGO 5.15% 3.67% YEAR-OVER-YEAR CHANGE -17.3% -15.3% Top Core-Based Statistical Area DOVER, DE 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 4.25% 3.11% YEAR AGO 5.15% 3.67% YEAR-OVER-YEAR CHANGE -17.3% -15.3% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the November 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary November 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. District of Columbia RANK: 8 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate NOVEMBER 2014 1.67% 2.17% 7.3 YEAR AGO 2.50% 2.31% 7.6 YEAR-OVER-YEAR CHANGE -33.2% -6.0% -0.3 Top County DISTRICT OF COLUMBIA 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 1.67% 2.17% YEAR AGO 2.50% 2.31% YEAR-OVER-YEAR CHANGE -33.2% -6.0% Top Core-Based Statistical Area WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 1.80% 1.19% YEAR AGO 2.50% 2.31% YEAR-OVER-YEAR CHANGE -27.9% -48.4% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the November 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary November 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. IN THE NEWS Castro Responds to Questions About Effect of Defaults on Communities While most Republican lawmakers grilled HUD Secretary Julián Castro on the recent lowering of the FHA mortgage insurance premiums and FHA's MMI Fund in mid- February during his testimony to the House Financial Services Committee, Representa- tive Mia Love (R-Utah) opted to cover a different subject: defaults and their potentially negative effect on their respective neighbor- hoods. While much has been made during Castro's first seven months as HUD secretary about increasing homeownership and get- ting people into homes, especially first-time buyers, little has been said publicly about how HUD and FHA intend to help the new own- ers sustain homeownership once it is attained. During her five-minute questioning period of Castro, Love questioned the secretary on the expected default rate of people gaining homeownership as a result of recent housing policy changes enacted by HUD or FHA and on what he expected would happen to surrounding homes in neighborhoods where defaults occur. Castro did not have much to say regard- ing how the agencies planned to sustain homeownership, however. e majority of his answers to Love's questions involved praising the HUD and FHA's work. Love presented a map that showed dis- tressed residential areas from 2008 to 2012 to illustrate her point that she did not believe the recent housing policy changes were helping Americans achieve the goal of not only attain- ing homeownership but also maintaining it once they are in the homes. "[T]he people who run these (distressed) areas have the same political view as you do," Love said. "In the words of the president dur- ing the State of the Union address, if it's not working, it's time to do something different. We need to do everything we can by not just worrying about just one family, but worrying about as many people as possible." While Love began her questioning period by acknowledging the questions Castro was asked during the hearing were "really hard"— Love's questioning occurred within the final 15 minutes of a marathon four-hour long Connecticut's foreclosure inventory rate was 2.1 percent in January 2015, slightly higher than the national average for the month of 1.4 percent, according to CoreLogic. KNOW THIS